(BNB) Growth potential analysisHello everyone !
Today the Black Cat Trader is analyzing BNB based on a weekly chart.
What we can see :
- BNB just broke its symmetrical triangle and did the pull back we were looking for to confirm our entry.
- Based on Ichimoku system, everything is fine except that we need to wait for the lagging span confirmation (still under the prices)
What we can expect :
If BNB manages to correctly bounce on the top of the triangle, with good and ascending volumes and the lagging span confirmed, then, we can fly to 1320$ or probably much more..
- Resistance : ATH = 692$
- Median line of the pitchfork
- Support 1 : Top of the triangle / Kijun
- Support 2 : EMA21 / Tenkan / SSA
- Support 3 : Bottom of the triangle / SSB
TAKE PROFIT 1 : 1320 $ (1.618)
TAKE PROFIT 2 : 2006 $ (2.618)
TAKE PROFIT 3 : 2691 $ (3.618)
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MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
Bnbanalysis
BNB - Binance Coin - Death or Glory - two options hereBNB - Binance Coin - Death or Glory - two options here
from 2017 ; stretched the two ways that make any sense. both possible. both seem likely ..oddly. i want pink but iam ready for green..
BOUNCE - hit top resistance then down into bear
BOUNCE - but muted then slow roll back up to glory
Cz to the rescue. Your funds are safu...prob.
BNB/USDT 1D UPDATEWelcome to this quick
bnb/usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- We can see in the chat BNB/USDT make inverted head and shoulders patterns and broke out the resistance level and retesting it
Entry:- $443
$455
Target:-
T1:- $503
T2:- $ 564
T3:- $603
T4 :- $672
Stoploss:- $387
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
BNB USDTThe supply zone is a strong support area. I don't think this area will break. In the area I indicated in the green circle, single-digit prices will work as support. for exp 400-390-380 etc.
Supply zone should be protected by following btc. If prices continue to break down within the BNB supply zone area, but btc is up-trend signaling , this zone is safe.
Rsi divergences should be checked when the price breaks below 370. In this way, you can decide on your position in fake decreases or rises.
You should also follow BTC. A safe price range is acceptable in the BTC 52-49 range.
Falling below 49 will force the supply zone of bnb.
Check support and resistance from my BTC analysis.
Because all altcoins move according to btc.
NOTE: This is not investment advice.
BNB/USDT 4HOUR UPDATE Welcome to this quick bnb /usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Entry:- 419$,432$
Traget:-
T1:- 443$,
T2:- 486$,
Stoploss:- 407$,
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my english it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
BNB USDTBNB USDT had already break from the falling wedge pattern, on the other hand the 4h timeframe is showing a bullish divergence. So the nearest target price for now is around 435-438. Based on the bitcoin monthly return for the pas 8 years, october - december was a bullish market. So, the other coin like BNB, ETH, etc most likely will follow!
BNB USDT I expect very good performance this year for BNB.
Talking on the current chart, I expect another small pullback.
and
It will return, giving the impression of rising. I don't think you can go back without creating a final test and pattern.
If we talk about these patterns, we can draw several different patterns.
The first scenario is the flag pattern;
If it happens as I think, the price will pull back to the 400 levels and it will start to up-trend from there. If the price rebounds to 415 and above, a flag pattern will emerge.
If this happens, it appears as both the retracement of the previous harmonic pattern and the elliot wave 0.618 retracement.
If we consider the previous supply zone, it will not be too difficult for the targets to see 500 and 600 dollars, respectively.
Another alternative model is the shoulder and head.
this can give us information about their resistance in the short term.
If it catches a decrease as I expect and returns to the price levels I specified, I believe that we can see this pattern.
for this it will be possible to confirm by checking the volume candles.
BNBUSDT , one of the favorite coin in cryptoHello guys
According to the chart the trend in 4h time frame is downward trend
we have 2 minor zone for the price that can reaction to it but i think it can break the (3) and can reach pullback to (2) then if it cant be support there it fall down to major support (5) and if it be happening the price can fall down of major support BUT ONLY WITH SHADOW NOT CLOSE CANDLE ( this happen only for stop huntering the orders )
and other senario for the price can break the (2) we after the pullback the price we can take long position and buy BNB until to reach next resistance (1)
Attention guys the trend is downward trend and we only take position according to the trend ( low risk )
this is the hole analysis of now market we will update it in days later
but dont forget put stop loss in every trade and TP
If you have any question ask us
Good Luck
Abtin
BNB In a Short SetupHi guys!
$BNB is in a triangle and since we are in a downtrend it could break from the bottom with a $377 target, this target exactly matches with 0.5 fib level (Daily). If this triangle is acting like a pennant, it could reach all the way down to $354 level or 0.382 fib level (second target)
BNB/USDT AnalysisBNB/USDT
We can see BNB try to bounce from current support level
📌 NEXT LEVEL FOR WATCHING ?
Around 508$-520$ (strong resistance)
price rejected from that level in late August which equal 0.61% Fibonacci resistance
Bulls should break and hold above that level if want more rise to next targets in chart
Support levels: around 430$ and 370$
If you have any questions feel free for ask
Best of wishes 🙏
BNB to 700$1. After leaving the accumulation zone ( breakdown through resistance at 341$), strong uptrend was formed.
2. The uptrend on this coin looks very healthy. There are no spikes, multiple retests of passed resistances.
3. Trend is accelerating (second leg grew much more aggressively than the first one).
4. At the moment, there is a retest of last broken resistance. Third leg of the uptrend is ahead, which will be huge (up to 700$) if bitcoin will stay calm.
BNB Analysis Bulls taking over ?Hello everyone, as we all know the market action discounts everything :)
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The Binance coin has turned Bullish in the last few days as we see the coin price has rallied from 263.67 and reached 356.19, The coin price right now is trending near the first resistance line at 363.63 which can show us 2 types of scenarios for the movement of the market for the next period of time.
Scenario 1 :
The coin will break the first resistance line and close above the first resistance line at 363.63 which confirms the Bullish turn that the market is under right now, after the market price closes above that resistance line the bull will show more support for the trend and the price will probably keep going up until reaching the second resistance line at 382.58, where the Bulls will test the Bears power and the outcome will determine the movement of the price for the time follows.
Scenario 2 :
The coin will reach the first resistance line at 363.63 and a battle will happen between the Bulls and Bears over control of the market action, if the Bulls were to win then Scenario 1 will probably happen, but if the Bears increase their power and take that control back then we will see the price drop down from the resistance line and its gonna be headed to the first support line at 329.36 where the bears will test the power of the bull and who overtakes control will drive the price of the coin up or down if the Bears were able to keep that control then the risk for a Big Bearish movement is real
Technical indicators showing a Bullish state in the market where we see that :
1) The market price is moving above the 5 10 20 50 200 MA and EMA ( Bullish sign)
2) The MACD crossed the zero line indicating that the market went into a Bullish state with a positive crossover between the MACD line and the Signal line.
3) The ADX at 33.06 showing that the market is trending with a positive crossover between DI+ (16.77) and DI- (6.16).
Support & Resistance points :
support Resistance
1) 329.36 1) 363.63
2) 302.54 2) 382.58
3) 287.42 3) 429.03
Fundamental point of view :
The leading cryptocurrency exchange is winding down its futures and derivatives products across Europe, starting in the Netherlands, Germany, and Italy.
Binance culls another of its products amid ongoing regulatory scrutiny.
Binance is cutting its derivatives products in European countries. The exchange announced the update Friday, confirming that the change would initially affect those in the Netherlands, Germany, and Italy.
Though no other countries were mentioned in the announcement, the exchange noted that it would be stopping derivatives “across the European region.”
The announcement added that the European region is “a very important market” for the exchange, and acknowledged the region’s “proactive steps towards harmonizing crypto regulations.”
The exchange confirmed that customers in the Netherlands, Germany, and Italy would be unable to open futures or derivatives accounts with immediate effect. Binance’s derivatives products include perpetual, futures, options, and leveraged tokens.
The update is only the latest in a series of steps Binance appears to be taking to appease regulatory officials. This month, the exchange has reduced its leverage limits from 100x to 20x, reduced its daily withdrawal limits for unverified users, launched a tax reporting tool, and halted its tokenized stocks offering. The changes follow weeks of intense scrutiny from regulators worldwide. The U.K., Singapore, Japan, and Italy have all expressed concerns with Binance’s practices in recent weeks.
In response to the pressure, Binance CEO Changpeng Zhao has affirmed his intention to meet regulatory requirements. He penned an open letter on the subject earlier this month, before suggesting that he would like to hire a contingent CEO with a strong compliance background. According to Crypto Briefing
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
BNB/USDTBINANCE:BNBUSDT
The price is suffering after the break of 0.618 level
The 0.618 and 0.786 ranges are fluctuating slightly
And to find out where the price tends to go
That we can make a decision we have to wait until one
Two Fibonacci levels are broken if 0.786 is broken upwards
The upward trend is complete and we have to wait for the progress to the ceiling
Stay in the price channel, but if the price breaks 0.618 downwards, the price
It will drop to the beginning of the previous wave
Binance Coin/USDTBINANCE:BNBUSDT
If you look at the small falling wave before, you can see that one
A recurring red candle is being formed again and if a red candle
If the return is closed, the price will fall again and then again
It will advance upwards and cause a sudden fall
The market is because bitcoin is trying to reach its ceiling
Failure is your range of resistance